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Informations Rapides · 24 February 2026 · n° 42
Informations rapidesIn February 2026, the business climate in building construction remains stable Monthly survey of building - February 2026

According to business managers surveyed in February 2026, the business climate in the construction sector is stable again. At 97, the synthetic indicator remains below its long-term average (100). Building contractors’ opinion on their expected activity is stable, while their opinion relating to past activity has slightly decreased. Furthermore, the production capacity utilisation rate has decreased again and the opinion on order books has continued to improve.

Informations rapides
No 42
Paru le :Paru le24/02/2026
Prochaine parution le : 26/03/2026 at 08:45 - March 2026

According to business managers surveyed in February 2026, the business climate in the construction sector is stable again. At 97, the synthetic indicator remains below its long-term average (100). Building contractors’ opinion on their expected activity is stable, while their opinion relating to past activity has slightly decreased. Furthermore, the production capacity utilisation rate has decreased again and the opinion on order books has continued to improve.

Business climate composite indicator

Business climate composite indicator
Business climate composite indicator
2026-02 96.6
2026-01 96.8
2025-12 97.0
2025-11 95.4
2025-10 95.8
2025-09 97.9
2025-08 97.5
2025-07 95.8
2025-06 96.5
2025-05 96.4
2025-04 93.2
2025-03 94.4
2025-02 94.5
2025-01 94.7
2024-12 94.6
2024-11 95.4
2024-10 95.9
2024-09 96.6
2024-08 97.2
2024-07 95.2
2024-06 97.3
2024-05 98.8
2024-04 97.8
2024-03 100.2
2024-02 99.9
2024-01 99.4
2023-12 99.2
2023-11 99.9
2023-10 100.0
2023-09 102.4
2023-08 102.6
2023-07 101.8
2023-06 103.2
2023-05 104.1
2023-04 105.0
2023-03 105.1
2023-02 105.8
2023-01 106.4
2022-12 107.0
2022-11 105.4
2022-10 106.7
2022-09 105.5
2022-08 105.6
2022-07 105.4
2022-06 106.3
2022-05 105.1
2022-04 107.4
2022-03 108.4
2022-02 108.4
2022-01 106.1
2021-12 110.0
2021-11 108.4
2021-10 107.5
2021-09 109.6
2021-08 108.8
2021-07 109.0
2021-06 109.3
2021-05 107.3
2021-04 105.7
2021-03 104.6
2021-02 101.4
2021-01 101.3
2020-12 99.5
2020-11 99.0
2020-10 104.5
2020-09 101.3
2020-08 97.2
2020-07 85.8
2020-06 76.9
2020-05 69.9
2020-04 81.4
2020-03 109.3
2020-02 109.2
2020-01 107.5
2019-12 107.5
2019-11 108.4
2019-10 109.7
2019-09 109.2
2019-08 108.2
2019-07 108.5
2019-06 108.2
2019-05 107.4
2019-04 108.2
2019-03 108.6
2019-02 108.4
2019-01 107.5
2018-12 106.4
2018-11 105.2
2018-10 104.9
2018-09 104.7
2018-08 106.0
2018-07 105.7
2018-06 105.6
2018-05 106.2
2018-04 107.1
2018-03 107.7
2018-02 108.0
2018-01 108.8
2017-12 108.2
2017-11 107.0
2017-10 104.6
2017-09 105.5
2017-08 104.4
2017-07 104.6
2017-06 105.0
2017-05 102.9
2017-04 99.8
2017-03 100.5
2017-02 100.4
2017-01 101.9
2016-12 98.5
2016-11 100.9
2016-10 100.7
2016-09 98.5
2016-08 97.6
2016-07 96.8
2016-06 96.7
2016-05 96.8
2016-04 94.8
2016-03 93.8
2016-02 92.4
2016-01 93.8
2015-12 94.4
2015-11 91.4
2015-10 92.3
2015-09 91.9
2015-08 92.2
2015-07 89.7
2015-06 89.6
2015-05 88.1
2015-04 88.7
2015-03 86.5
2015-02 85.7
2015-01 86.6
2014-12 87.4
2014-11 87.3
2014-10 84.4
2014-09 85.4
2014-08 87.3
2014-07 89.2
2014-06 91.2
2014-05 90.8
2014-04 91.0
2014-03 91.7
2014-02 91.2
2014-01 91.0
2013-12 90.6
2013-11 93.0
2013-10 93.2
2013-09 94.0
2013-08 91.6
2013-07 89.3
2013-06 87.7
2013-05 88.1
2013-04 87.2
2013-03 88.6
2013-02 89.4
2013-01 89.7
2012-12 90.3
2012-11 89.6
2012-10 90.3
2012-09 92.5
2012-08 92.9
2012-07 93.4
2012-06 94.3
2012-05 94.4
2012-04 96.5
2012-03 97.7
2012-02 97.9
2012-01 99.0
2011-12 97.8
2011-11 98.0
2011-10 99.5
2011-09 99.8
2011-08 101.4
2011-07 104.1
2011-06 103.4
2011-05 103.0
2011-04 103.9
2011-03 101.5
2011-02 100.0
2011-01 97.8
2010-12 98.0
2010-11 96.2
2010-10 95.3
2010-09 93.6
2010-08 94.5
2010-07 93.7
2010-06 92.0
2010-05 90.5
2010-04 88.9
2010-03 88.6
2010-02 89.5
2010-01 88.4
2009-12 88.2
2009-11 88.4
2009-10 89.0
2009-09 87.6
2009-08 86.3
2009-07 84.9
2009-06 84.8
2009-05 85.4
2009-04 85.4
2009-03 87.0
2009-02 84.1
2009-01 89.2
2008-12 89.3
2008-11 92.2
2008-10 93.2
2008-09 100.5
2008-08 102.2
2008-07 101.6
2008-06 104.0
2008-05 107.8
2008-04 110.0
2008-03 111.4
2008-02 112.1
2008-01 110.6
2007-12 112.4
2007-11 112.7
2007-10 112.4
2007-09 113.5
2007-08 113.5
2007-07 115.1
2007-06 115.1
2007-05 114.0
2007-04 114.0
2007-03 113.3
2007-02 112.3
2007-01 112.8
2006-12 113.8
2006-11 113.7
2006-10 114.1
2006-09 113.8
2006-08 113.0
2006-07 113.2
2006-06 112.4
2006-05 112.7
2006-04 112.1
2006-03 111.2
2006-02 110.6
2006-01 112.7
2005-12 112.5
2005-11 112.9
2005-10 111.7
2005-09 110.0
2005-08 109.8
2005-07 110.2
2005-06 109.5
2005-05 107.7
2005-04 107.9
2005-03 107.3
2005-02 107.6
2005-01 107.9
2004-12 108.1
2004-11 108.7
2004-10 107.1
2004-09 106.7
2004-08 106.4
2004-07 106.5
2004-06 104.3
2004-05 105.1
2004-04 105.8
2004-03 104.8
2004-02 103.9
2004-01 104.9
2003-12 101.7
2003-11 100.1
2003-10 97.5
2003-09 100.7
2003-08 97.8
2003-07 95.2
2003-06 94.5
2003-05 94.6
2003-04 94.1
2003-03 92.9
2003-02 94.6
2003-01 94.5
2002-12 93.3
2002-11 94.4
2002-10 95.8
2002-09 97.3
2002-08 98.2
2002-07 99.4
2002-06 103.4
2002-05 103.2
2002-04 99.7
2002-03 103.0
2002-02 102.0
2002-01 100.6

Business climate composite indicator

  • Source: INSEE.

Building industry economic outlook

Balances of opinion, in %, SA
Building industry economic outlook (Balances of opinion, in %, SA)
Average* Nov. 25 Dec. 25 Jan. 26 Feb. 26
Composite indicator 100 95 97 97 97
Past activity -3 -13 -10 -10 -11
Expected activity -4 -10 -6 -6 -6
General business outlook **** -15 -20
Past employment -4 -5 -3 -4 -6
Expected employment -1 -3 -1 0 0
Opinion on order books -21 -34 -33 -32 -31
Production capacity utilisation rate (in %) 89.0 88.9 89.5 89.2 88.8
Obstacles to production increase (in %) ** 64 60 58 58 60
     Because of an insufficient demand (in %) ** 31 38 36 36 36
     Because of workforce shortage (in %) ** 29 26 24 22 24
     Because of supply difficulties (in %) ** 6 2 2 1 1
Production bottlenecks (in %) 35 36 37 37 36
Recruiting problems (in %) **** 61 61
Expected prices -8 -11 -9 -3 -6
Cash-flow position **** -10 -7
Payment delays **** 30 35
Economic uncertainty felt *** 10 13 11 11 12
  • *Average since April 1978 for the composite indicator, since September 1993 for the balances of opinion, since April 2021 for the balances of opinion on the economic uncertainty felt.
  • ** Non-seasonally adjusted percentage of weighted responses.
  • *** Non-seasonally adjusted balance of opinion.
  • **** Balance of opinion from the quarterly section of the survey.
  • Source: INSEE, French business survey in the building industry.

The balance of opinion of entrepreneurs on their expected activity is stable; the one relating to past activity has slightly decreased

In February 2026, construction entrepreneurs’ opinion on their expected activity is stable again, below its long-term average. The balance on past activity has slightly decreased, moving away from its own.

Activity tendency in building construction

Activity tendency in building construction
Expected activity Past activity
2026-02 -5.8 -11.2
2026-01 -6.3 -10.5
2025-12 -5.6 -10.4
2025-11 -9.8 -12.8
2025-10 -8.3 -13.2
2025-09 -5.3 -8.0
2025-08 -2.8 -11.2
2025-07 -9.7 -12.2
2025-06 -6.3 -12.4
2025-05 -5.0 -13.0
2025-04 -13.7 -18.2
2025-03 -11.2 -15.6
2025-02 -10.9 -15.4
2025-01 -11.0 -15.4
2024-12 -13.7 -13.8
2024-11 -12.6 -12.8
2024-10 -13.2 -10.6
2024-09 -9.8 -10.7
2024-08 -9.8 -9.0
2024-07 -16.0 -12.5
2024-06 -9.1 -10.4
2024-05 -6.4 -6.3
2024-04 -11.3 -7.2
2024-03 -2.8 -3.6
2024-02 -1.9 -5.7
2024-01 -5.7 -5.4
2023-12 -8.4 -4.6
2023-11 -6.1 -3.4
2023-10 -5.5 -3.4
2023-09 -0.2 0.5
2023-08 -0.4 1.1
2023-07 -2.4 -0.5
2023-06 2.6 0.9
2023-05 0.2 4.9
2023-04 4.2 5.2
2023-03 3.8 5.9
2023-02 6.7 6.3
2023-01 6.0 8.2
2022-12 8.5 8.8
2022-11 4.5 5.5
2022-10 7.5 7.7
2022-09 7.5 4.7
2022-08 4.5 5.1
2022-07 3.9 5.5
2022-06 5.8 7.3
2022-05 8.2 2.3
2022-04 7.6 10.0
2022-03 12.2 10.9
2022-02 12.0 10.4
2022-01 7.6 5.2
2021-12 18.2 11.4
2021-11 10.8 10.9
2021-10 12.3 7.8
2021-09 16.6 11.7
2021-08 10.3 12.7
2021-07 10.4 13.1
2021-06 12.5 13.7
2021-05 13.7 7.0
2021-04 9.4 4.7
2021-03 8.4 1.9
2021-02 -2.2 -0.5
2021-01 -0.8 -1.1
2020-12 -6.3 -0.9
2020-11 -17.1 0.6
2020-10 1.7 8.7
2020-09 5.4 -3.7
2020-08 11.5 -21.1
2020-07 18.8 -61.5
2020-06 4.4 -81.0
2020-05 -47.2 -76.3
2020-04 -81.2 -24.2
2020-03 6.6 17.1
2020-02 14.2 12.3
2020-01 10.0 9.7
2019-12 9.1 8.8
2019-11 9.2 11.9
2019-10 15.9 13.1
2019-09 12.4 13.3
2019-08 12.1 10.2
2019-07 11.5 12.3
2019-06 14.5 8.9
2019-05 12.7 7.6
2019-04 12.8 10.4
2019-03 14.0 11.0
2019-02 14.7 10.3
2019-01 15.1 7.7
2018-12 11.2 6.5
2018-11 10.6 3.9
2018-10 9.6 4.0
2018-09 9.5 3.1
2018-08 5.6 9.3
2018-07 7.4 7.6
2018-06 12.1 4.7
2018-05 12.9 7.1
2018-04 13.5 9.9
2018-03 11.6 12.7
2018-02 10.8 14.0
2018-01 13.2 14.8
2017-12 14.1 12.7
2017-11 13.9 9.7
2017-10 7.9 5.5
2017-09 9.1 9.1
2017-08 14.5 2.3
2017-07 11.5 4.9
2017-06 3.4 10.9
2017-05 2.1 5.0
2017-04 5.9 -7.1
2017-03 2.6 -1.9
2017-02 -0.5 -1.0
2017-01 -2.8 5.6
2016-12 -0.8 -5.5
2016-11 1.6 0.6
2016-10 3.7 -0.4
2016-09 0.5 -6.1
2016-08 -3.3 -6.7
2016-07 -0.2 -9.8
2016-06 -2.7 -8.6
2016-05 -2.1 -8.1
2016-04 -5.1 -13.6
2016-03 -9.3 -14.1
2016-02 -16.1 -15.2
2016-01 -8.2 -14.6
2015-12 -8.0 -11.7
2015-11 -20.7 -15.3
2015-10 -15.2 -14.5
2015-09 -13.3 -16.9
2015-08 -8.8 -18.1
2015-07 -16.4 -22.2
2015-06 -20.4 -19.9
2015-05 -26.4 -21.7
2015-04 -24.0 -20.8
2015-03 -24.4 -27.6
2015-02 -23.7 -30.3
2015-01 -32.7 -23.0
2014-12 -27.9 -23.1
2014-11 -24.7 -25.3
2014-10 -29.9 -31.8
2014-09 -30.0 -29.7
2014-08 -27.4 -25.0
2014-07 -28.1 -18.2
2014-06 -17.6 -18.2
2014-05 -19.6 -19.0
2014-04 -22.4 -17.5
2014-03 -18.7 -17.3
2014-02 -20.7 -17.4
2014-01 -15.6 -20.7
2013-12 -18.6 -20.2
2013-11 -16.4 -13.0
2013-10 -15.5 -13.3
2013-09 -12.4 -13.2
2013-08 -19.7 -16.7
2013-07 -22.4 -22.2
2013-06 -24.0 -26.5
2013-05 -21.4 -26.7
2013-04 -24.6 -28.1
2013-03 -24.4 -23.9
2013-02 -22.1 -23.3
2013-01 -24.3 -21.6
2012-12 -21.9 -20.5
2012-11 -24.5 -21.2
2012-10 -25.9 -18.3
2012-09 -20.3 -15.0
2012-08 -19.3 -15.2
2012-07 -16.8 -15.0
2012-06 -14.0 -13.5
2012-05 -14.8 -13.4
2012-04 -12.0 -8.6
2012-03 -10.7 -5.6
2012-02 -12.5 -3.8
2012-01 -10.6 -1.6
2011-12 -11.6 -4.4
2011-11 -9.8 -4.3
2011-10 -4.7 -2.2
2011-09 -4.3 -0.7
2011-08 0.8 1.5
2011-07 5.0 8.2
2011-06 4.4 6.3
2011-05 2.0 6.1
2011-04 4.9 8.3
2011-03 2.8 1.6
2011-02 3.0 -3.8
2011-01 -1.0 -8.5
2010-12 -0.9 -7.8
2010-11 -0.5 -12.8
2010-10 -4.2 -13.1
2010-09 -12.7 -13.2
2010-08 -10.3 -12.7
2010-07 -11.4 -14.0
2010-06 -15.2 -17.5
2010-05 -17.6 -20.7
2010-04 -18.1 -25.4
2010-03 -18.2 -26.2
2010-02 -18.6 -23.7
2010-01 -20.1 -26.6
2009-12 -20.1 -26.5
2009-11 -20.4 -26.2
2009-10 -21.1 -24.9
2009-09 -24.5 -28.3
2009-08 -26.5 -31.2
2009-07 -31.4 -33.3
2009-06 -33.5 -33.1
2009-05 -34.2 -29.2
2009-04 -36.7 -30.1
2009-03 -36.9 -24.3
2009-02 -47.1 -25.8
2009-01 -35.2 -19.5
2008-12 -30.7 -21.0
2008-11 -36.1 -11.4
2008-10 -33.0 -10.7
2008-09 -9.3 -0.9
2008-08 -4.5 0.3
2008-07 -5.2 -0.3
2008-06 -4.1 4.9
2008-05 9.8 9.6
2008-04 9.2 16.2
2008-03 17.4 15.7
2008-02 14.9 18.0
2008-01 7.3 18.7
2007-12 16.6 19.2
2007-11 13.6 21.4
2007-10 16.2 19.5
2007-09 19.6 20.6
2007-08 18.4 20.7
2007-07 19.7 25.0
2007-06 21.1 24.9
2007-05 20.3 22.3
2007-04 20.1 24.1
2007-03 17.7 22.6
2007-02 18.5 19.9
2007-01 21.0 20.1
2006-12 20.3 22.0
2006-11 23.4 20.5
2006-10 21.3 22.9
2006-09 19.1 22.6
2006-08 17.5 20.6
2006-07 17.3 21.2
2006-06 14.3 21.4
2006-05 17.1 21.0
2006-04 15.6 20.1
2006-03 16.1 17.6
2006-02 19.9 13.5
2006-01 19.8 20.4

Activity tendency in building construction

  • Source: INSEE.

Contractors' opinion on their expected activity is nonetheless contrasted when distinguishing by type of construction work. The balance of opinion relating to expected activity for new dwelling constructions is stable and remains below its long-term average. However, in the maintenance-improvement and non-dwelling construction activities, the balances on expected activity have slightly decreased, falling back below their long-term average.

The economic uncertainty felt by building managers has slightly increased and has deviated from its long-term average.

Expected activity in the building construction

Expected activity in the building construction
Other new buildings New dwelling Maintenance and improvement
2026-02 -9.5 -16.6 0.1
2026-01 -6.3 -16.9 4.4
2025-12 -7.2 -23.4 4.4
2025-11 -10.5 -20.3 -0.6
2025-10 -10.1 -12.2 -4.3
2025-09 -12.7 -23.2 5.8
2025-08 -8.0 -17.3 7.1
2025-07 -17.6 -10.8 2.9
2025-06 -11.3 -18.0 3.2
2025-05 -16.3 -23.0 4.8
2025-04 -21.4 -27.9 -7.1
2025-03 -23.2 -33.7 4.9
2025-02 -20.3 -38.7 6.0
2025-01 -17.1 -34.1 7.2
2024-12 -18.8 -37.6 3.4
2024-11 -15.8 -35.8 3.6
2024-10 -18.3 -36.7 1.5
2024-09 -17.2 -35.7 -0.5
2024-08 -12.4 -34.6 3.4
2024-07 -20.4 -36.4 -0.4
2024-06 -13.5 -34.5 1.6
2024-05 -14.5 -35.4 4.0
2024-04 -13.5 -36.5 -2.5
2024-03 -9.3 -33.9 7.8
2024-02 -10.2 -31.2 12.9
2024-01 -13.5 -35.8 17.5
2023-12 -10.7 -31.4 8.4
2023-11 -8.5 -29.7 7.6
2023-10 -6.4 -32.5 9.8
2023-09 -5.6 -25.1 13.4
2023-08 0.9 -23.7 10.9
2023-07 0.5 -25.1 10.1
2023-06 -3.8 -13.2 10.4
2023-05 -2.8 -24.2 6.3
2023-04 -1.5 -15.8 13.7
2023-03 -4.1 -15.2 10.8
2023-02 0.4 -13.0 15.1
2023-01 1.5 -11.8 24.2
2022-12 1.8 -9.4 18.1
2022-11 1.0 -10.8 12.7
2022-10 1.5 -7.3 16.6
2022-09 -0.5 -7.0 13.8
2022-08 -4.3 -5.3 15.6
2022-07 -2.7 -9.2 14.4
2022-06 -2.7 -4.7 7.7
2022-05 1.6 -2.5 15.6
2022-04 -3.1 -2.6 23.1
2022-03 7.2 3.9 15.7
2022-02 8.3 6.5 16.0
2022-01 9.1 5.4 11.1
2021-12 11.2 14.8 19.3
2021-11 5.1 8.5 21.1
2021-10 5.5 1.9 16.8
2021-09 9.9 10.5 20.3
2021-08 6.6 5.5 16.5
2021-07 2.1 11.0 16.0
2021-06 6.6 4.0 19.3
2021-05 4.6 7.4 21.2
2021-04 -4.0 4.1 15.2
2021-03 -0.6 3.8 16.4
2021-02 -5.9 -7.0 7.3
2021-01 -12.1 1.9 3.8
2020-12 -10.6 2.2 4.9
2020-11 -9.6 -16.4 -16.5
2020-10 -8.7 6.2 2.8
2020-09 -2.4 1.9 -3.9
2020-08 -3.6 4.1 43.1
2020-07 12.0 10.7 61.9
2020-06 1.4 2.6 25.9
2020-05 -44.8 -45.9 -13.3
2020-04 -93.8 -87.5 -55.4
2020-03 4.4 -5.8 15.0
2020-02 7.8 0.6 12.1
2020-01 5.5 4.0 8.4
2019-12 -2.2 4.5 9.6
2019-11 3.6 5.7 10.6
2019-10 9.1 13.5 11.0
2019-09 10.7 4.1 13.2
2019-08 11.7 1.6 12.5
2019-07 13.5 0.7 13.3
2019-06 15.9 3.2 17.8
2019-05 13.6 2.0 15.4
2019-04 20.2 0.4 12.7
2019-03 12.7 0.7 14.2
2019-02 12.4 1.4 15.6
2019-01 14.8 2.8 13.3
2018-12 8.5 4.5 10.3
2018-11 8.1 4.9 11.5
2018-10 9.3 -1.4 13.9
2018-09 6.7 -2.9 11.3
2018-08 5.1 -1.9 11.2
2018-07 7.7 2.9 13.5
2018-06 12.5 5.6 12.6
2018-05 13.9 4.1 11.9
2018-04 20.1 9.8 10.0
2018-03 10.2 10.0 10.1
2018-02 6.2 9.9 10.7
2018-01 6.9 9.1 14.5
2017-12 8.5 6.5 15.4
2017-11 14.6 5.8 13.6
2017-10 1.7 7.2 8.1
2017-09 15.1 7.5 14.8
2017-08 9.2 11.6 11.7
2017-07 14.9 13.4 8.2
2017-06 -0.1 9.8 -1.2
2017-05 0.5 11.8 2.1
2017-04 10.1 10.5 6.4
2017-03 -4.5 3.3 10.9
2017-02 -8.9 6.3 1.5
2017-01 -15.7 2.6 1.2
2016-12 -1.9 0.9 1.8
2016-11 12.4 -1.3 3.2
2016-10 6.7 2.0 7.6
2016-09 -2.3 3.5 0.6
2016-08 -6.3 0.3 0.8
2016-07 -0.7 -2.9 4.2
2016-06 -14.8 -11.5 0.8
2016-05 -17.4 -5.0 2.4
2016-04 -8.4 -8.3 0.1
2016-03 -11.8 -10.4 -1.3
2016-02 -28.7 -11.8 -4.1
2016-01 -17.2 -11.5 -5.2
2015-12 -6.3 -14.6 -3.3
2015-11 -23.8 -12.9 -8.3
2015-10 -30.0 -7.5 -8.9
2015-09 -24.2 -16.1 -10.7
2015-08 -26.2 -18.4 1.4
2015-07 -22.1 -23.3 -15.1
2015-06 -19.2 -20.8 -13.4
2015-05 -18.6 -27.7 -18.0
2015-04 -29.7 -27.4 -15.7
2015-03 -26.3 -27.9 -18.5
2015-02 -21.2 -42.6 -14.9
2015-01 -31.9 -39.7 -19.1
2014-12 -35.1 -32.5 -17.8
2014-11 -32.3 -27.4 -18.1
2014-10 -30.0 -36.8 -19.5
2014-09 -31.5 -37.4 -19.5
2014-08 -28.6 -37.1 -17.9
2014-07 -31.4 -33.7 -16.3
2014-06 -16.0 -36.1 -15.5
2014-05 -14.0 -31.1 -11.7
2014-04 -20.0 -32.2 -16.3
2014-03 -22.4 -27.0 -10.2
2014-02 -28.6 -28.1 -13.9
2014-01 -24.1 -26.6 -9.1
2013-12 -24.6 -26.4 -14.0
2013-11 -31.4 -22.2 -11.8
2013-10 -27.2 -24.7 -5.6
2013-09 -16.9 -24.9 -10.8
2013-08 -27.3 -29.8 -19.2
2013-07 -32.2 -32.0 -16.5
2013-06 -31.7 -29.2 -18.7
2013-05 -32.5 -32.0 -15.6
2013-04 -34.0 -33.7 -13.8
2013-03 -31.9 -33.6 -14.2
2013-02 -22.9 -33.1 -16.3
2013-01 -23.8 -32.8 -14.8
2012-12 -20.7 -34.4 -12.0
2012-11 -21.3 -37.2 -10.6
2012-10 -22.4 -38.0 -14.1
2012-09 -22.1 -33.2 -7.3
2012-08 -19.0 -32.0 -4.9
2012-07 -15.8 -31.9 -4.0
2012-06 -13.7 -28.2 -3.2
2012-05 -16.3 -38.6 -10.0
2012-04 -11.2 -31.8 -6.1
2012-03 -10.9 -29.2 -7.8
2012-02 -14.4 -19.1 -6.6
2012-01 -11.9 -16.5 -7.4
2011-12 -15.9 -15.8 -7.2
2011-11 -12.8 -15.3 -2.6
2011-10 -10.7 -6.7 4.7
2011-09 -7.1 -6.7 -2.7
2011-08 -2.1 0.4 -2.2
2011-07 1.3 5.4 0.6
2011-06 -5.0 2.7 2.8
2011-05 -3.2 3.9 3.1
2011-04 -3.3 13.5 1.8
2011-03 -4.8 9.1 2.6
2011-02 -3.7 7.9 8.3
2011-01 -5.9 5.2 3.3
2010-12 -7.0 14.2 -2.5
2010-11 -2.9 2.4 -1.8
2010-10 -10.1 -0.5 -3.1
2010-09 -17.1 -4.8 -20.7
2010-08 -21.8 -17.4 -1.8
2010-07 -27.2 -11.0 -4.9
2010-06 -30.8 -12.6 -7.0
2010-05 -32.1 -13.5 -5.1
2010-04 -33.4 -14.1 -6.5
2010-03 -32.9 -17.8 -7.4
2010-02 -31.6 -19.7 -6.4
2010-01 -34.0 -19.5 -8.8
2009-12 -30.6 -18.6 -8.4
2009-11 -29.4 -20.3 -10.9
2009-10 -30.3 -27.1 -9.2
2009-09 -34.3 -31.6 -11.7
2009-08 -38.5 -36.8 -15.2
2009-07 -39.8 -39.0 -17.6
2009-06 -42.2 -44.0 -18.0
2009-05 -41.0 -39.0 -21.8
2009-04 -40.4 -43.3 -19.6
2009-03 -38.3 -48.6 -20.7
2009-02 -39.4 -65.5 -29.1
2009-01 -27.1 -53.9 -13.1
2008-12 -35.2 -51.8 -13.3
2008-11 -31.0 -44.4 -10.9
2008-10 -24.7 -48.3 -7.3
2008-09 -14.6 -27.0 -2.6
2008-08 -8.4 -25.5 0.6
2008-07 -1.1 -23.5 2.0
2008-06 3.0 -20.1 4.5
2008-05 11.9 -9.1 7.2
2008-04 15.1 -9.7 10.5
2008-03 13.7 -0.3 25.8
2008-02 17.9 1.0 17.9
2008-01 8.8 -1.1 12.2
2007-12 16.4 4.2 18.5
2007-11 14.2 3.5 14.2
2007-10 17.8 8.7 15.4
2007-09 21.5 9.4 14.3
2007-08 21.7 8.5 15.4
2007-07 22.3 9.5 17.4
2007-06 24.0 13.0 18.6
2007-05 21.7 8.1 20.6
2007-04 16.3 8.7 19.2
2007-03 13.2 9.6 14.5
2007-02 19.7 13.4 15.5
2007-01 23.4 17.4 19.9
2006-12 26.9 9.8 14.2
2006-11 24.3 15.2 14.1
2006-10 19.8 14.9 15.1
2006-09 14.7 14.1 12.3
2006-08 11.4 16.5 13.1
2006-07 8.9 20.1 14.2
2006-06 9.7 15.7 12.6
2006-05 10.7 13.4 13.7
2006-04 14.3 13.4 10.5
2006-03 15.9 20.1 12.4
2006-02 16.3 19.0 13.0
2006-01 14.4 22.4 11.7

Expected activity in the building construction

  • Source: INSEE.

The balance of opinion on order books has continued to increase

In February 2026, the balance of opinion relating to the level of building construction managers' order books has continued its recovery initiated in December 2025. However, it remains well below its long term-average.

The production capacity utilisation rate has decreased again

In February 2026, the production capacity utilisation rate has decreased again. It stands at 88,8% and has returned below its long-term average.

36% of companies report being at the limit of their production capacity (production bottlenecks), meaning that they would not be able to produce more with their current resources even if they received more orders. Down by one point, this share has moved closer to its long-term average (35%).

More business managers than the previous month report facing obstacles limiting their production: at 60%, this proportion has moved closer to its long-term average. As many contractors as in the previous month report facing insufficient demand (36%), a share standing above its long-term average. More of them than in the previous month report being unable to increase their production due to workforce shortages: at 24%, this proportion has rebounded after two consecutive months of decline, but remains below its long-term average.

The share of companies that report facing supply-side difficulties only has rebounded (24%), while the share that report facing demand-side difficulties only has fallen back (19%).

Type of difficulties encountered by companies

Type of difficulties encountered by companies
Demand difficulties only Supply difficulties only
2026-02 19.3 23.7
2026-01 20.5 21.9
2025-12 18.8 22.2
2025-11 20.0 21.8
2025-10 18.9 22.0
2025-09 18.2 22.0
2025-08 19.3 24.6
2025-07 19.4 24.0
2025-06 18.6 22.6
2025-05 20.2 20.9
2025-04 20.8 21.2
2025-03 20.5 22.5
2025-02 19.3 22.3
2025-01 17.8 23.8
2024-12 18.3 23.9
2024-11 19.6 24.2
2024-10 17.3 26.2
2024-09 17.8 25.2
2024-08 16.2 27.1
2024-07 13.7 28.4
2024-06 16.5 30.3
2024-05 15.3 29.3
2024-04 13.8 29.6
2024-03 13.1 28.9
2024-02 12.9 31.0
2024-01 12.4 31.7
2023-12 14.2 31.2
2023-11 12.5 32.7
2023-10 9.6 36.2
2023-09 9.8 37.9
2023-08 9.7 39.3
2023-07 8.6 39.0
2023-06 9.3 41.1
2023-05 7.8 41.6
2023-04 7.1 43.8
2023-03 7.3 42.9
2023-02 6.2 46.1
2023-01 5.8 46.6
2022-12 4.7 48.0
2022-11 4.7 49.4
2022-10 4.8 52.9
2022-09 5.3 49.8
2022-08 6.1 51.7
2022-07 6.8 51.6
2022-06 4.4 51.3
2022-05 4.2 54.3
2022-04 4.5 53.5
2022-03 6.1 54.0
2022-02 5.5 50.4
2022-01 6.9 53.1
2021-12 6.5 56.3
2021-11 8.3 51.6
2021-10 6.3 51.5
2021-09 8.4 50.8
2021-08 9.2 51.5
2021-07 8.1 48.8
2021-06 9.0 45.6
2021-05 10.5 41.6
2021-04 12.5 41.0
2021-03 12.6 39.0
2021-02 13.9 35.2
2021-01 13.0 34.2
2020-12 12.4 32.2
2020-11 15.4 38.4
2020-10 14.2 36.3
2020-09 14.3 36.1
2020-08 13.7 37.4
2020-07 13.0 38.3
2020-06 11.7 43.9
2020-05 3.4 56.9
2020-04 2.1 63.9
2020-03 7.8 41.6
2020-02 10.2 41.9
2020-01 10.6 43.1
2019-12 11.0 42.4
2019-11 11.0 41.3
2019-10 11.0 45.9
2019-09 11.2 44.9
2019-08 11.3 44.3
2019-07 11.3 45.1
2019-06 10.8 43.4
2019-05 11.5 42.0
2019-04 11.3 41.2
2019-03 13.8 40.4
2019-02 14.0 41.0
2019-01 12.0 37.3
2018-12 16.0 40.7
2018-11 15.6 37.9
2018-10 17.4 36.1
2018-09 17.2 36.3
2018-08 16.7 35.3
2018-07 16.4 34.3
2018-06 18.7 34.5
2018-05 18.6 33.0
2018-04 16.2 35.0
2018-03 18.9 30.6
2018-02 18.8 29.5
2018-01 20.4 28.7
2017-12 20.6 28.8
2017-11 22.0 28.4
2017-10 21.2 26.3
2017-09 20.9 23.7
2017-08 23.7 23.0
2017-07 22.3 22.8
2017-06 25.5 20.4
2017-05 27.2 22.0
2017-04 28.6 19.5
2017-03 27.1 18.7
2017-02 26.7 17.5
2017-01 28.1 18.4
2016-12 31.4 18.1
2016-11 31.5 17.2
2016-10 32.9 16.2
2016-09 34.0 16.7
2016-08 33.4 16.1
2016-07 34.9 13.8
2016-06 36.6 14.3
2016-05 37.8 13.3
2016-04 37.3 13.4
2016-03 38.2 15.7
2016-02 37.0 14.5
2016-01 38.6 12.6
2015-12 40.0 13.5
2015-11 39.5 13.1
2015-10 39.9 13.9
2015-09 38.4 13.8
2015-08 35.9 14.5
2015-07 37.6 12.8
2015-06 37.7 13.5
2015-05 37.7 12.5
2015-04 37.6 11.5
2015-03 38.5 12.9
2015-02 37.5 12.9
2015-01 38.7 12.8
2014-12 39.3 13.7
2014-11 36.5 13.7
2014-10 37.5 15.0
2014-09 33.6 14.6
2014-08 32.3 15.7
2014-07 32.8 15.3
2014-06 32.8 15.0
2014-05 31.9 15.8
2014-04 31.2 15.3
2014-03 31.3 16.0
2014-02 32.6 16.1
2014-01 31.3 18.3
2013-12 32.5 19.0
2013-11 32.6 17.3
2013-10 31.8 18.3
2013-09 30.3 19.3
2013-08 29.2 19.2
2013-07 27.4 18.9
2013-06 27.9 18.6
2013-05 29.0 17.3
2013-04 28.8 17.0
2013-03 28.2 17.8
2013-02 26.6 17.4
2013-01 27.0 18.4
2012-12 27.4 15.6
2012-11 27.1 16.2
2012-10 28.6 18.3
2012-09 27.2 17.5
2012-08 27.4 17.9
2012-07 22.5 20.0
2012-06 24.1 19.4
2012-05 28.1 20.1
2012-04 25.3 21.9
2012-03 22.1 21.3
2012-02 12.0 9.6
2012-01 16.9 12.0
2011-12 14.0 10.4
2011-11 16.0 10.8
2011-10 17.7 12.4
2011-09 14.1 8.4
2011-08 15.3 10.2
2011-07 17.8 11.5
2011-06 13.9 9.8
2011-05 14.9 10.6
2011-04 20.6 13.7
2011-03 15.5 10.3
2011-02 14.8 12.2
2011-01 16.2 13.2
2010-12 17.0 11.5
2010-11 18.8 10.7
2010-10 20.8 11.7
2010-09 19.1 11.9
2010-08 19.5 11.6
2010-07 24.7 10.8
2010-06 22.7 7.4
2010-05 24.7 9.4
2010-04 27.6 9.9
2010-03 23.3 9.9
2010-02 23.5 9.0
2010-01 25.6 10.2
2009-12 26.9 9.3
2009-11 26.4 9.7
2009-10 25.2 9.1
2009-09 25.9 9.5
2009-08 27.4 9.6
2009-07 26.6 9.3
2009-06 26.0 7.9
2009-05 25.4 8.6
2009-04 25.6 10.1
2009-03 18.4 9.1
2009-02 20.2 11.3
2009-01 17.1 16.9
2008-12 15.3 12.3
2008-11 14.5 15.9
2008-10 12.2 21.0
2008-09 9.6 21.5
2008-08 7.6 24.3
2008-07 7.3 30.3
2008-06 6.3 26.7
2008-05 6.6 29.9
2008-04 5.6 36.8
2008-03 5.0 32.7
2008-02 4.9 33.2
2008-01 4.8 43.8
2007-12 4.7 36.3
2007-11 4.3 39.6
2007-10 5.0 45.3
2007-09 3.5 41.4
2007-08 4.0 45.6
2007-07 4.6 49.8
2007-06 4.5 46.5
2007-05 5.8 55.3
2007-04 7.3 49.7
2007-03 7.7 48.6
2007-02 4.7 51.0
2007-01 5.6 49.8
2006-12 5.4 51.8
2006-11 9.0 49.0
2006-10 9.7 50.3
2006-09 7.5 46.9
2006-08 6.9 48.4
2006-07 6.4 50.0
2006-06 7.0 47.6
2006-05 7.4 47.8
2006-04 7.5 49.0
2006-03 8.6 46.2
2006-02 10.2 45.3
2006-01 10.0 46.6

Type of difficulties encountered by companies

  • Source: INSEE.

The balance of opinion on expected prices has fallen back

In February 2026, the balance of opinion on expected prices has fallen back. It still remains above its long-term average.

Opinion on expected workforce size has deteriorated

In February 2026, entrepreneurs’ balance of opinion on the change in their past workforce has deteriorated again and departed from its long-term average. The balance on expected workforce size is stable, just above its own.

Workforce size tendency in building construction

Workforce size tendency in building construction
Expected workforce size Past workforce size
2026-02 -0.3 -6.4
2026-01 0.1 -4.0
2025-12 -0.6 -3.3
2025-11 -2.6 -5.0
2025-10 -1.4 -5.4
2025-09 2.7 -5.8
2025-08 4.4 -3.3
2025-07 3.9 -5.2
2025-06 2.5 -6.5
2025-05 1.7 -5.8
2025-04 -0.5 -8.8
2025-03 1.1 -6.5
2025-02 -1.2 -5.6
2025-01 1.4 -6.3
2024-12 -1.4 -3.0
2024-11 1.4 -0.5
2024-10 2.0 -5.2
2024-09 2.7 -10.4
2024-08 2.3 -6.2
2024-07 3.0 -2.4
2024-06 3.9 -2.7
2024-05 3.1 -3.4
2024-04 5.4 -3.9
2024-03 4.5 -2.6
2024-02 4.6 -4.1
2024-01 4.4 -1.8
2023-12 2.2 -1.3
2023-11 2.5 -0.9
2023-10 7.1 -3.5
2023-09 9.8 0.1
2023-08 7.7 0.9
2023-07 9.6 2.1
2023-06 8.3 0.3
2023-05 7.8 -0.2
2023-04 9.2 -2.3
2023-03 12.5 2.2
2023-02 12.4 2.9
2023-01 13.1 3.4
2022-12 13.3 6.0
2022-11 14.1 6.2
2022-10 15.8 5.5
2022-09 15.4 -1.0
2022-08 19.5 -1.6
2022-07 16.0 -0.3
2022-06 12.5 0.7
2022-05 15.7 6.6
2022-04 15.7 5.4
2022-03 17.0 0.3
2022-02 17.1 1.6
2022-01 16.8 2.6
2021-12 17.1 6.7
2021-11 16.9 5.4
2021-10 14.8 3.2
2021-09 16.6 2.4
2021-08 18.0 3.2
2021-07 16.0 4.1
2021-06 17.2 2.7
2021-05 16.9 0.5
2021-04 13.6 0.8
2021-03 13.0 -1.1
2021-02 6.6 -7.3
2021-01 6.1 -4.8
2020-12 6.1 -3.5
2020-11 2.3 -3.9
2020-10 2.8 -8.1
2020-09 3.8 -8.3
2020-08 2.0 -12.7
2020-07 4.6 -17.5
2020-06 -3.1 -20.7
2020-05 -17.6 -14.9
2020-04 -18.8 -1.0
2020-03 11.8 6.9
2020-02 16.1 8.0
2020-01 14.5 6.5
2019-12 12.1 4.4
2019-11 14.3 4.3
2019-10 12.5 5.6
2019-09 13.5 5.3
2019-08 10.6 6.6
2019-07 9.6 4.6
2019-06 10.3 5.2
2019-05 13.2 5.9
2019-04 13.1 3.8
2019-03 12.3 5.9
2019-02 14.8 5.7
2019-01 5.9 1.7
2018-12 13.2 4.9
2018-11 12.6 9.1
2018-10 10.5 4.8
2018-09 14.9 4.9
2018-08 15.0 4.0
2018-07 16.7 4.6
2018-06 10.7 4.3
2018-05 9.6 6.7
2018-04 11.3 3.8
2018-03 13.0 1.0
2018-02 4.2 -4.7
2018-01 8.8 -1.5
2017-12 11.3 6.8
2017-11 0.8 -5.8
2017-10 4.8 -5.2
2017-09 2.0 -6.7
2017-08 2.1 -7.4
2017-07 5.7 -2.2
2017-06 2.7 -6.5
2017-05 -1.3 -8.2
2017-04 -5.2 -15.4
2017-03 -6.5 -11.1
2017-02 -9.0 -13.4
2017-01 -7.2 -14.3
2016-12 -8.3 -15.2
2016-11 -11.2 -14.7
2016-10 -8.3 -17.4
2016-09 -10.5 -18.5
2016-08 -13.2 -20.9
2016-07 -17.2 -21.0
2016-06 -16.4 -23.8
2016-05 -15.9 -24.0
2016-04 -17.9 -23.5
2016-03 -20.4 -27.1
2016-02 -20.8 -25.8
2016-01 -20.3 -24.7
2015-12 -23.3 -27.4
2015-11 -21.3 -28.3
2015-10 -23.2 -26.6
2015-09 -22.1 -24.9
2015-08 -23.2 -25.1
2015-07 -24.7 -28.7
2015-06 -19.9 -26.4
2015-05 -27.3 -29.9
2015-04 -27.3 -34.5
2015-03 -25.3 -26.7
2015-02 -24.5 -24.9
2015-01 -29.4 -29.3
2014-12 -24.3 -25.7
2014-11 -22.5 -24.8
2014-10 -26.0 -28.6
2014-09 -28.1 -28.7
2014-08 -26.9 -26.6
2014-07 -22.1 -25.5
2014-06 -23.4 -26.4
2014-05 -19.2 -15.4
2014-04 -19.3 -22.7
2014-03 -18.5 -18.6
2014-02 -21.1 -19.7
2014-01 -19.5 -19.0
2013-12 -17.7 -16.7
2013-11 -16.7 -18.1
2013-10 -10.4 -13.4
2013-09 -14.8 -18.5
2013-08 -16.0 -19.8
2013-07 -17.9 -18.2
2013-06 -18.2 -18.4
2013-05 -19.0 -16.1
2013-04 -13.5 -14.1
2013-03 -18.0 -17.9
2013-02 -15.9 -17.1
2013-01 -15.6 -14.4
2012-12 -16.2 -13.3
2012-11 -14.9 -10.7
2012-10 -14.7 -10.0
2012-09 -16.7 -15.8
2012-08 -14.7 -11.2
2012-07 -15.3 -11.9
2012-06 -11.3 -7.6
2012-05 -12.6 -8.9
2012-04 -9.3 -8.7
2012-03 -9.1 -6.9
2012-02 -3.9 -5.5
2012-01 -3.7 -4.2
2011-12 -5.3 -6.4
2011-11 -7.4 -8.7
2011-10 -6.2 -2.2
2011-09 -0.8 2.6
2011-08 3.4 3.8
2011-07 7.7 3.3
2011-06 6.8 3.3
2011-05 7.3 -0.3
2011-04 4.9 0.2
2011-03 3.6 -3.1
2011-02 3.1 -5.1
2011-01 -1.3 -4.2
2010-12 -1.7 -4.4
2010-11 -3.8 -7.6
2010-10 -7.8 -11.9
2010-09 -7.7 -11.0
2010-08 -11.3 -12.0
2010-07 -13.4 -10.8
2010-06 -15.4 -15.8
2010-05 -14.6 -14.0
2010-04 -14.0 -16.6
2010-03 -13.1 -16.8
2010-02 -15.8 -17.2
2010-01 -12.8 -18.3
2009-12 -14.5 -18.8
2009-11 -15.3 -18.8
2009-10 -15.9 -19.2
2009-09 -17.1 -19.1
2009-08 -19.0 -19.2
2009-07 -20.3 -20.7
2009-06 -20.1 -17.9
2009-05 -20.2 -17.9
2009-04 -20.9 -18.5
2009-03 -22.4 -12.8
2009-02 -17.9 -8.2
2009-01 -16.9 -8.7
2008-12 -12.5 -2.3
2008-11 -8.7 -0.9
2008-10 -1.4 5.8
2008-09 4.8 5.9
2008-08 9.5 9.3
2008-07 11.9 13.4
2008-06 13.8 13.6
2008-05 15.5 12.9
2008-04 23.1 21.1
2008-03 22.3 23.0
2008-02 15.9 21.4
2008-01 19.9 22.6
2007-12 21.5 21.0
2007-11 26.7 21.7
2007-10 23.1 16.6
2007-09 24.2 22.1
2007-08 24.6 21.8
2007-07 25.4 21.6
2007-06 28.6 23.4
2007-05 25.5 20.2
2007-04 22.9 20.6
2007-03 24.6 20.5
2007-02 25.3 21.4
2007-01 27.0 19.2
2006-12 26.3 18.5
2006-11 23.8 19.8
2006-10 26.1 21.6
2006-09 24.4 21.7
2006-08 22.2 21.1
2006-07 20.3 20.4
2006-06 21.8 17.9
2006-05 20.5 18.2
2006-04 18.2 16.0
2006-03 19.3 13.3
2006-02 20.2 19.9
2006-01 18.4 18.9

Workforce size tendency in building construction

  • Source: INSEE.

Revisions

The business climate in the building construction industry of January 2026 has not been revised (after rounding).

For further information

For questions with three possible answers, a balance of opinion is calculated as the difference between the percentage of “above the normal” or “increase” responses and the percentage of “below the normal” or “decrease” responses.

The responses to this survey were collected between 27 January and 19 February 2026; most companies answer during the first two weeks of collection.

All the balances of opinion from this survey are included in this publication and are available in the complementary chronological series published online.

This survey is part of the Joint Harmonised European Programme of Business and Consumer Surveys, partly funded by the European Commission.

Additional information (simplified and detailed methodology, nomenclature, etc.) are available on the “Documentation” tab of the web page of this publication.

Next issue: 26 March 2026 at 8:45 am.

Pour en savoir plus

For questions with three possible answers, a balance of opinion is calculated as the difference between the percentage of “above the normal” or “increase” responses and the percentage of “below the normal” or “decrease” responses.

The responses to this survey were collected between 27 January and 19 February 2026; most companies answer during the first two weeks of collection.

All the balances of opinion from this survey are included in this publication and are available in the complementary chronological series published online.

This survey is part of the Joint Harmonised European Programme of Business and Consumer Surveys, partly funded by the European Commission.

Additional information (simplified and detailed methodology, nomenclature, etc.) are available on the “Documentation” tab of the web page of this publication.

Next issue: 26 March 2026 at 8:45 am.

: bureau-de-presse@insee.fr